Last update: Nov 2026

Cost of Living Comparison Between Montreal and Okotoks

For one person, living is cheaper in Montreal: $2,067 a month against $2,294 in Okotoks, rent and utilities included – about $2,700 less a year. Higher rent and utilities in Okotoks outweigh lower spending on other living expenses.

100

Cost of Living Index in Montreal
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Montreal Living Index
109

Cost of Living Index in Okotoks
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Okotoks Living Index

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Montreal

🇨🇦 Canada

$2,067

/mo nomad

Okotoks

🇨🇦 Canada

$2,294

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Okotoks

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Montreal and in Okotoks actually costs, broken down by who's living it.

A single person spends $2,067 per month in Montreal vs $2,294 in Okotoks, rent included.

Montreal $2,067
Okotoks $2,294

A couple spends around $3,179 per month in Montreal vs $3,188 in Okotoks, rent included.

Montreal $3,179
Okotoks $3,188

A family of three spends $4,291 per month in Montreal vs $4,082 in Okotoks, rent included.

Montreal $4,291
Okotoks $4,082

Montreal is about 10% cheaper than Okotoks, and outside of rent the biggest gap is in utilities.

Both Montreal and Okotoks sit above the global median – Montreal by 53%, Okotoks by 70%.

Meal at Budget Restaurant

$18.89 CA$26.36

$10.76 CA$15.02

75.56%

Three-Course Dinner for Two, Mid-Range

$72.6 CA$101

$77.6 CA$108

-6.52%

Fast Food Meal (McDonalds, etc)

$10.79 CA$15.06

$9.90 CA$13.81

8.99%

Cappuccino

$3.98 CA$5.56

$4.03 CA$5.63

-1.24%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.02 CA$2.81

$1.59 CA$2.22

27.04%

Water (0.33 liter bottle)

$1.63 CA$2.28

$1.63 CA$2.27

Local Beer (0.5 liter draught)

$6.32 CA$8.82

$4.86 CA$6.78

30.04%

Imported Beer (0.33 liter bottle)

$7.06 CA$9.86

$4.97 CA$6.94

42.05%

Milk (1 liter)

$2.33 CA$3.26

$1.67 CA$2.33

39.52%

White Bread (500g)

$3.25 CA$4.53

$2.23 CA$3.11

45.74%

Rice (white) (1kg)

$3.26 CA$4.55

$2.96 CA$4.13

10.14%

Eggs

$3.48 CA$4.85

$3.64 CA$5.08

-4.40%

Local Cheese (1kg)

$13.73 CA$19.16

$10.95 CA$15.29

25.39%

Chicken Fillets (1kg)

$11.48 CA$16.01

$11.68 CA$16.30

-1.71%

Beef Round Steak (1kg)

$14.26 CA$19.90

$19.09 CA$26.63

-25.30%

Apples (1kg)

$3.52 CA$4.92

$3.90 CA$5.44

-9.74%

Banana (1kg)

$1.46 CA$2.03

$1.23 CA$1.72

18.70%

Oranges (1kg)

$3.41 CA$4.76

$4.29 CA$5.99

-20.51%

Tomato (1kg)

$3.20 CA$4.47

$4.00 CA$5.58

-20.00%

Potato (1kg)

$1.94 CA$2.70

$2.20 CA$3.07

-11.82%

Onion (1kg)

$1.78 CA$2.49

$1.81 CA$2.53

-1.66%

Lettuce (1 head)

$2.52 CA$3.52

$2.47 CA$3.45

2.02%

Water (1.5 liter bottle)

$1.58 CA$2.21

$1.85 CA$2.59

-14.59%

Cigarettes 20 Pack (Marlboro, Camel)

$11.51 CA$16.06

$12.73 CA$17.76

-9.58%

Wine (Bottle)

$10.57 CA$14.75

$11.65 CA$16.25

-9.27%

Local Beer (0.5 liter bottle)

$2.35 CA$3.27

$3.52 CA$4.92

-33.24%

Imported Beer (0.33 liter bottle)

$2.90 CA$4.04

$2.96 CA$4.12

-2.03%

One-way Ticket (Public Transport)

$2.61 CA$3.65

$2.56 CA$3.58

1.95%

Public Transport Monthly Pass (Regular Price)

$78.5 CA$109

$52.8 CA$73.7

48.61%

Taxi Start (Normal Tariff)

$3.17 CA$4.43

$2.86 CA$3.99

10.84%

Taxi (Normal Tariff) (1km)

$1.49 CA$2.08

$1.42 CA$1.98

4.93%

Taxi 1hour Waiting (Normal Tariff)

$33.49 CA$46.73

$21.42 CA$29.90

56.35%

Gasoline (1 liter)

$1.36 CA$1.90

$1.00 CA$1.39

36.00%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.0K CA$39.1K

$27.9K CA$38.9K

0.39%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$21.1K CA$29.5K

$20.7K CA$28.9K

2.25%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$77.6 CA$108

$228 CA$318

-65.93%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$35.63 CA$49.72

$45.75 CA$63.8

-22.12%

Internet (50+ Mbps, Unlimited Data)

$43.73 CA$61.0

$55.6 CA$77.6

-21.38%

Gym Membership (Monthly)

$30.07 CA$41.97

$27.12 CA$37.85

10.88%

Tennis Court (1 Hour on Weekend)

$19.97 CA$27.87

Cinema Ticket

$11.27 CA$15.73

$12.04 CA$16.80

-6.40%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$522 CA$728

$631 CA$880

-17.24%

International Primary School, 1 Child (Yearly)

$17.8K CA$24.8K

$9,542 CA$13.3K

86.48%

Jeans (Levis 501 Or Similar)

$59.0 CA$82.3

$41.31 CA$57.7

42.75%

Summer Dress (H&M, Zara, etc)

$39.01 CA$54.4

$46.03 CA$64.2

-15.25%

Sport Shoes (Adidas, Nike)

$99.8 CA$139

$59.8 CA$83.5

66.77%

Men's Leather Business Shoes

$110 CA$153

$72.0 CA$100

52.39%

1-bedroom Apartment, City Center (Monthly)

$1,298 CA$1,812

$1,200 CA$1,675

8.17%

1-bedroom Apartment, Outside City Center (Monthly)

$970 CA$1,354

$1,164 CA$1,624

-16.62%

3-bedroom Apartment, City Center (Monthly)

$2,323 CA$3,242

$1,713 CA$2,391

35.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,689 CA$2,357

$1,589 CA$2,217

6.34%

Buy Apartment in City Center (m2)

$5,004 CA$6,982

$3,055 CA$4,263

63.80%

Buy Apartment Outside City Center (m2)

$3,736 CA$5,214

$3,169 CA$4,423

17.89%

Average Monthly Net Salary (After Tax)

$2,943 CA$4,107

$2,982 CA$4,161

-1.30%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.51

4.32

4.40%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Montreal: November 3, 2026

Last update for Okotoks: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Montreal

$970 47%

Okotoks

$1.2K 50.7% 19.9% $193

Groceries & Markets

Montreal

$357 17.3%

Okotoks

$367 16% 2.8% $9.9

Eating Out

Montreal

$292 14.1%

Okotoks

$211 9.2% 27.5% $80

Monthly Utilities & Internet

Montreal

$157 7.6%

Okotoks

$329 14.3% 110% $172

Clothing & Footwear

Montreal

$138 6.7%

Okotoks

$99 4.3% 28.7% $40

Getting Around

Montreal

$100 4.8%

Okotoks

$73 3.2% 26.7% $27

Sport & Entertainment

Montreal

$53 2.6%

Okotoks

$51 2.2% 2.7% $1.4

Cost Breakdown

A central one-bedroom costs $1,298 in Montreal versus $1,200 in Okotoks. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $73 in Montreal versus $78 in Okotoks. Monthly groceries follow the same trend: $357 vs $367 – making Montreal the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇦 Okotoks

🕒 Local time

08:09 8:09 AM

07:09 7:09 AM

1 h behind Montreal

🌤 Weather

👥 Population

1,762,949

30,214

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

Exchange rates and currency converter

On the map

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Between locations

Montreal Okotoks 3,020 km ≈ 4 h 15 min nonstop flight

From you

Montreal
Okotoks

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Montreal vs Okotoks: Cost of Living - Frequently Asked Questions

Okotoks costs about 11% more than Montreal, and outside of rent the gap comes mainly from utilities. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,100 per month in Montreal and $3,441 in Okotoks. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,298 in Montreal and $1,200 in Okotoks. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

Groceries cost about 3% more in Okotoks, though the gap depends on what you buy.

A mid-range dinner for two costs $73 in Montreal and $78 in Okotoks. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$2,000 is a stretch for both – monthly costs hit $2,067 in Montreal and $2,294 in Okotoks. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Montreal has an edge in some lifestyle areas, with costs from $2,067 in Montreal to $2,294 in Okotoks. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.